26.42°C Vancouver

Nov 3, 2023 5:29 PM - The Canadian Press

Finance ministers, Freeland set to meet to discuss Alberta CPP exit proposal

Share On
finance-ministers-freeland-set-to-meet-to-discuss-alberta-cpp-exit-proposal
Freeland says Albertans need to know the CPP delivers among the best returns in the world and that an Alberta pullout would put the program at great risk for millions. (Photo: The Canadian Press)

Finance ministers from across the country will meet up virtually with their federal counterpart Chrystia Freeland today to discuss Alberta’s proposal to quit the Canada Pension Plan.

Freeland called the meeting amid concerns about the ramifications of Alberta leaving the federal retirement plan to set up its own standalone program.

The Alberta government says its workers have contributed an oversized share to the national fund and would be in line for big savings and payouts if it were to leave the CPP.

Freeland says Albertans need to know the CPP delivers among the best returns in the world and that an Alberta pullout would put the program at great risk for millions.

Alberta Finance Minister Nate Horner says he looks forward to discussing the pension issue, along with other points of inter-governmental dispute, including the federal carbon tax.

Alberta Premier Danielle Smith had planned to hold a possible referendum on leaving the CPP in 2025, but now says she won’t hold it until governments or the courts deliver a hard number on how much Alberta will get if it leaves the CPP.

Latest news

canada-wins-bronze-at-womens-3x3-basketball-world-cup
CanadaJun 30, 2025

Canada wins bronze at women's 3x3 basketball World Cup

Canada's women's team has won the bronze medal in the FIBA ​​3X3 Basketball World Cup. The Canadian team defeated Poland 21-9 in the bronze medal match at the World Cup played in Mongolia. Paige Crozon was a key contributor to the Canadian team's victory, scoring 13 points and grabbing 5 rebounds. Meanwhile, Saicha Grant Allen scored 5 points and grabbed 5 rebounds in the match. The 6th ranked Canadian team lost 15-21 to the Netherlands in the semi-final match yesterday. The Netherlands team managed to win the gold medal in this World Cup. Host Mongolia finished second in this tournament.
income-tax-cut-for-middle-class-to-take-effect-tomorrow-mark-carney
CanadaJun 30, 2025

Income tax cut for middle class to take effect tomorrow: Mark Carney

Prime Minister Mark Carney has announced that income tax cuts for the middle class will take effect tomorrow. The government has reduced the lowest personal income tax rate from 15 to 14 per cent. According to the Carney government's estimates, 22 million Canadians will benefit from this. PM Carney had promised this during the election campaign and said after the election that this cut would be implemented from Canada Day. This tax cut will apply to the two lowest tax brackets, the first whose taxable income in 2025 is up to $114,750 and the second whose income will be up to $57,375 in the
attorney-generals-statement-on-inquiry-into-event-safety
BCJun 30, 2025

Attorney general’s statement on inquiry into event safety

Niki Sharma, Attorney General, has released the following statement about the Commission of Inquiry into Community Events Safety in B.C. “On Saturday, April 26, 2025, British Columbia experienced one of the worst moments in our history, when a senseless act of violence turned a Lapu-Lapu Day celebration into a tragedy that left 11 people dead and countless more injured and traumatized. “In the aftermath, British Columbians understandably raised questions about enhancing public safety so people can feel safe attending and celebrating community events of all sizes this summer. That is why Pr
canada-sprint-canoeist-katie-vincent-sets-world-record-at-national-trials
CanadaJun 30, 2025

Canada: Sprint canoeist Katie Vincent sets world record at national trials

Canadian sprint canoeist Katie Vincent has set a world record in the C-1 500-meter event. Katie Vincent set the world record during the National Trials in Montreal on Sunday. 29-year-old Olympic champion Katie Vincent set a new record by completing the event in 2 minutes 0.609 seconds. The previous world record was held by Alena Nazdarova of Belarus, who set the record at the World Championships in Hungary in 2019 with a time of 2 minutes 0.73 seconds. Quebec's Sophia Jensen, a World Cup silver medalist, took second place in yesterday's trials.
man-arrested-in-connection-with-slashing
CanadaJun 30, 2025

Man arrested in connection with slashing

A man has been arrested and White Rock RCMP are investigating after reports another man was stabbed. White Rock RCMP received 9-1-1 calls advising of a fight involving a knife in the 1100 block of Oxford Street on Sunday June 29, 2025 at 9:50 p.m. Upon arrival, police observed a vehicle attempting to leave the scene and a high-risk traffic stop was initiated. A man matching the suspect description was inside the vehicle and he was arrested and transported to White Rock RCMP cells. “We want to thank the 9-1-1 callers who gave timely information which enabled us to locate and arrest the susp

Related News